Grey Island Systems International Inc.
TSX VENTURE : GIS

Grey Island Systems International Inc.

June 05, 2006 10:40 ET

Grey Island Systems Named One of Canada's Fastest Growing Companies by PROFIT Magazine

TORONTO, ONTARIO--(CCNMatthews - June 5, 2006) - Grey Island Systems International Inc. (TSX VENTURE:GIS), a leading provider of real-time vehicle tracking, telematics and predictive arrival systems, today announced that it has been recognized in the 18th annual PROFIT 100 ranking of Canada's Fastest-Growing Companies.

Achieving 2,582 percent sales growth over the past five years, Grey Island ranked 23rd overall in the 2005 ranking. Grey Island attributes its impressive growth to dedicated staff, reliable business partners and a sound business strategy combined with effective execution, enabling Grey Island to become a leading supplier of real-time vehicle tracking systems for the Government market place.

"Grey Island is honoured to be included in the upper tier of the fastest growing companies in Canada" said Owen Moore, President Grey Island. "Grey Islands listing on the PROFIT 100 is a testament to the company's impressive revenue growth during the last five years, and more over, a testament to the extensive adoption of the NextBus® and InterFleet® products in the Government market place both in Canada and the United States."

Ranking Canada's Fastest-Growing Companies by five-year revenue growth, the PROFIT 100 profiles the country's most successful growth companies. Published in the June issue of PROFIT and online at PROFITguide.com, the PROFIT 100 is Canada's largest annual celebration of entrepreneurial achievement.

"The PROFIT 100 are role models for anyone who wants to seize today's best business opportunities," says Ian Portsmouth, editor of PROFIT. "By differentiation their products and applying creative management thinking, Canada's Fastest-Growing Companies are outpacing the competition at home and abroad"

About Grey Island

Grey Island Systems International Inc. (TSX VENTURE:GIS), through its subsidiaries NextBus Inc. in Alameda, California, InterFleet, Inc. in New York, New York and Grey Island Systems, Inc in Toronto, Canada, is a technology leader providing custom real-time GPS/AVL, security and telematics solutions as well as real-time passenger information systems to government and related fleets. To find out more about our products and services, visit our websites at www.interfleet.com or www.nextbus.com.

About PROFIT Magazine

PROFIT: Your Guide to Business Success, offers news, strategies, tips, interviews and other resources to entrepreneurs leading Canada's growing companies. Each year PROFIT - which currently reaches 373,000 readers nationally - hosts a number of events that bring together business leaders in the fast-growth segment and champions the interests of those leaders. PROFIT was founded in April 1982 as Canada's first national magazine geared to entrepreneurs. Visit PROFITguide.com.


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